Abco Automation, Inc. Employees' 401(K) And Retirement Plan — Form 5500 plan (Abco Automation, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Abco Automation, Inc. Employees' 401(K) And Retirement Plan is a benefit plan reported by Abco Automation, Inc. under EIN 56-1529470 and plan number 001. The latest loaded filing year is 2023. The filing reports 176 participants and $13,275,052 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$13.3MPlan net assets, end of year$13,266,259
Participants176Covered participants reported
Assets / participant$75.4KComputed: assets ÷ participants$75,426 (computed)
Provider compensation$6.4K1 Schedule C provider row(s)$6,402
- Plan sponsor
- Abco Automation, Inc.
- EIN
- 56-1529470
- Plan number
- 001
- Plan type
- 2
- Location
- Brown Summit, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 176 | H, C | 20240911130945NAL0008524241001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$13.3M total assets
Net assets$13.3MLiabilities$8.8K
Full reported line items
Net assets
- Total assets (EOY)
- $13,275,052
- Total liabilities (EOY)
- $8,793
- Net assets (EOY)
- $13,266,259
- Net assets (BOY)
- $11,008,643
Income & contributions
- Employer contributions
- $183,659
- Participant contributions
- $694,763
- Total contributions
- $949,018
- Total income / additions
- $2,901,839
Expenses & distributions
- Benefits paid
- $629,028
- Administrative expenses
- $6,402
- Total expenses
- $644,223
- Net increase / (decrease)
- $2,257,616
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Epic Retirement Plan Services | NONE | $6,402 | $0 | 2023 |